There are 2 definitions of pension in English:

pension1

Syllabification: pen·sion
Pronunciation: /ˈpenSHən
 
/

noun

1A regular payment made during a person’s retirement from an investment fund to which that person or their employer has contributed during their working life.
More example sentences
  • Regular contributions to a pension scheme were, we were told, a guarantee of a secure old age.
  • A company can get a deduction for contributions made to the pension scheme of its directors and employees.
  • If an employer shuts a pension scheme today it still has to pay the benefits promised by that scheme for decades.
1.1A regular payment made by the government to people of or above the official retirement age and to some widows and disabled people.
More example sentences
  • I have not received an invitation to claim a state pension from the Pensions Service.
  • The report highlights the fact that many people are relying on the state pension for their retirement income.
  • This promises all pensioners a basic weekly income above the state pension.
Synonyms
retirement (benefits), superannuation; Social Security; allowance, benefit, support, welfare
1.2chiefly historical A regular payment made to a royal favorite or to an artist or scholar to enable them to carry on work that is of public interest or value.

verb

[with object] (pension someone off) Back to top  
Dismiss someone from employment, typically because of age or ill health, and pay them a pension: he was pensioned off from the army at the end of the war
More example sentences
  • At the age of 50, when it had got to the point where pain and mobility problems affected my ability to do my job, I was pensioned off and sent away into early retirement.
  • I was the best in the woodwork department so when I was 15 they pensioned me off and said, you've got to become a cabinet maker.
  • The duke and duchess will be very glad to pension you off, for they've been worried about your health as well.

Origin

late Middle English (in the sense 'payment, tax, regular sum paid to retain allegiance'): from Old French, from Latin pensio(n-) 'payment', from pendere 'to pay'. The current verb sense dates from the mid 19th century.

Derivatives

pensionless

adjective
More example sentences
  • Many worked ‘on the lump’, which made the mainly Irish building contractors who employed them very rich; by contrast many of the their labourers live in rented accommodation, mostly pensionless.
  • Up to 15 financial institutions are lining up special products to entice close to 500,000 pensionless Irish workers to take out tax efficient Personal Retirement Savings Accounts.
  • They have gone under - remunerated and pensionless for many years, at least in comparison to MPs and MSPs. Even those with the biggest responsibility of leading vast city administrations are earning little more than 25,000.

Definition of pension in:

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day glee
Pronunciation: glē
noun
great delight

There are 2 definitions of pension in English:

pension2

Syllabification: pen·sion
Pronunciation: /pänsēˈōn
 
/

noun

A boarding house in France and other European countries, providing full or partial board at a fixed rate.
More example sentences
  • Of course, it's a typical beautiful Austrian small town with lots of pensions, hotels and restaurants for the traveler.
  • In one end of the hall, volunteers entered name after name into computers - people who had been located in nearby hotels or pensions.

Origin

French.

Definition of pension in: